Dept. HBC

  1. Corporate Finance

Solving Capital Challenges: Ecommerce Loans Simplified

The e-commerce industry is characterized by both immense opportunities and notable challenges. Among the most pressing challenges is the issue of capital. Whether you’re seeking to scale your operations, manage daily expenses, or optimize inventory during peak seasons, access to timely and adequate funding is crucial.  For an e-commerce business owner like yourself, understanding the […]
4 min read
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  1. Trends & External Forces

Costco Gets Into Healthcare Business

The Seattle Times reports that Costco is making a healthcare play, offering its customers/members access to online primary care visits for $29, and mental health visits for $79. The services are being offered through the online health marketplace Sesame, which also will offer Costco members 10 percent off other health services.  The Times says that […]
2 min read
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  1. Technology & Innovation

How to Win in Retail: Less Science, More Art

By Doug Stephens Over the last 20 years, technology has transformed retail. Mobile phones have become essential conduits for communication, entertainment and commerce. Technologies like augmented reality, once a novelty, have become commonplace digital merchandising and selling tools. E-commerce, which in 2003 amounted to a rounding error on most retailers’ profit and loss statements, has […]
7 min read
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  1. Data & Insights

EXCLUSIVE: The 340B Program Reached $54 Billion in 2022—Up 22% vs. 2021

Drug Channels has just obtained new details on the size of the 340B Drug Pricing Program. I couldn’t wait to share the news, hence this special Sunday post. For 2022, discounted purchases under the 340B program reached a record $53.7 billion—an astonishing $9.8 billion (+22.3%) higher than its 2021 counterpart. The difference between list prices […]
2 min read
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  1. Trends & External Forces

CVS Health appoints Michael F. Mahoney to its board of directors

    [[“value”:” CVS Health Corporation has appointed Michael F. Mahoney, Chairman and CEO of Boston Scientific Corporation, a global medical technology leader, to serve on the Board of Directors of CVS Health, effective November 1. “Mike’s focus throughout his career – to drive improvements in health outcomes and increase access to care – align […]
2 min read
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  1. Channel: Grocery

Hy-Vee launches RedMedia omnichannel retail media network

Hy-Vee launched the full-scale version of its retail media network, called Hy-Vee RedMedia, at the Groceryshop 2023 conference this week in Las Vegas. The West Des Moines, Iowa-based retailer described the platform as a disruptor in the retail media landscape that will connect brands directly with Hy-Vee’s customer base across multiple platforms, including both online […]
2 min read
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  1. Department: HBC

E.l.f. Beauty reformulated over 300 SKUs in FY2023

​[[“value”:” Dive Brief The beauty company’s latest impact report revealed new sustainability goals, such as further improving its packaging. Published Sept. 21, 2023 E.l.f. Skin hydration products. E.l.f. Beauty in August announced it would acquire skin care brand Naturium. Courtesy of E.l.f. Skin “]] 
< 1 min read
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  1. Channel: Ecommerce & Digital

Amazon Announces Oct. 10-11 as Next Prime Sale

Amazon.com announced on Monday that its next Prime Day sale will be held Oct. 10-11, promising deals as often as every five minutes during the 48-hour event. This is the second Prime Day event the online retail giant has held this year. During the July Prime Day event, the top-selling deal categories included home, fashion and […]
< 1 min read
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  1. Associates & Employees

Amazon To Hire 250,000 Season Employees This Holiday Season

Amazon said yesterday that it plans to hire 250,000 full-time and part-time employees in a variety of roles during the upcoming holiday season.  John Felton, Amazon’s senior vice president of Worldwide Operations, said in a prepared statement that “whether someone is looking for a short-term way to make extra money, or is hoping to take […]
< 1 min read
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  1. Department: Nonfood

Walmart Pilots Pet Services Center in Georgia

Walmart has opened its first-ever Pet Services center at the same store in Dallas, Ga. Where it piloted the first Walmart Health center. “Now customers will be able to conveniently access their family’s basic health care solutions in one central location, including the health care needs of their furry friends,” said Kaitlyn Shadiow, VP of Merchandising […]
2 min read
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  1. Media & Marketing

From followership to friendship: strategies for creating connection on TikTok

In the ‘Insight to Impact with Mintel Consulting’ series, thought leaders on our Marketing Intelligence team expand on research and insights identified in Mintel Comperemedia research. Today’s article is inspired by Compremedia’s Winning Strategies: Key Brand Opportunities on TikTok, and explores platform content recommendations for CPG, beauty and retail brands.  There is no denying the […]
5 min read
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  1. Data & Insights

The True Cost of Loyalty: Why it’s Crucial for Retailers to Protect Loyalty Data

Loyalty is big business. In the U.S., research has shown that there are over 3.3 billion loyalty memberships. Programs span across almost all markets, from supermarkets and restaurants to beauty and hospitality. For organizations, a loyalty program that resonates with consumers can set them apart from competitors. Last year, for example, Starbucks told investors that […]
3 min read
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  1. Shopper & Customer

Creating a personalised shopping experience

[[“value”:” More recently, retailers have begun using beacon technology to create personalised shopping experiences. Credit: Prostock-studio/Shutterstock. In recent years, the retail industry has experienced a challenging environment following unforeseen events and consumers’ lifestyle changes. High inflation and the increased cost of living are limiting consumer spending as shoppers re-evaluate their priorities and cut back on […]
2 min read
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  1. Channel: Grocery

SN Top 10: Kroger, Aldi, Sprouts top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, Kroger, Albertsons may sell off stores to C&S Wholesale Grocers in anticipation of merger deal. Kroger and Albertsons could be close to selling an undisclosed number to C&S Wholesale Grocers, as a means towards cinching regulatory approval for the […]
2 min read
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  1. Media & Marketing

Bunding Hand-Held Foods Drives Restaurant Sales Growth

  Do you know who is your customer and where are they shopping today.  That said, don’t stop where will they be shopping next week, next month, next year.  What channels of distribution are your entrees, sides, or deserts selling? Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® believes that if you are […]
4 min read
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  1. Operations & Supply Chain

The Weekly Closeout: RH wants to restore iconic Miami Beach property, Banana Republic sells furniture

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we’re still thinking about. From Amazon facing a proposed class action […]
5 min read
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  1. Associates & Employees

Hiring Expected To Slow; Retail To Take The Brunt Of The Trend

New government projections for the coming decade suggest that hiring is likely to slow down, and that retail will be of the segments likely to suffer the most. From Bloomberg: “US employment gains will slow significantly and be more concentrated across few sectors in the decade through 2032 as population growth moderates, fresh government estimates […]
2 min read
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  1. Technology & Innovation

Navigating the Future: How Composable Architectures Are Powering the Next Generation of Retail

In today’s rapidly evolving retail landscape, adaptability is key. Retailers must stay ahead of changing market dynamics and shifting consumer behaviors to remain competitive. To achieve this, they require robust and flexible retail systems that can seamlessly adapt and scale. This is where composable architectures come into play, offering a transformative solution that empowers the […]
3 min read
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  1. Media & Marketing

The Winning Strategy Of Unbounded Brands

Understanding the difference between “bounded” brands and “unbounded” brands is how toddler companies become unicorns. Most companies provide their Users with solutions to their problems and slog away at becoming better, faster, cheaper, stronger, more powerful, more engaging, easier to use, better fitting, frictionless. These companies compete with other enterprises within their vertical: whether it’s […]
6 min read
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  1. Channel: Drug

CEO Departure Reflects Walgreens’ Shift In Priorities

Walgreens Boots Alliance announced on Friday that its CEO, Rosalind Brewer, has left the company in what was described as a “mutual decision.” According to the company, Ginger Graham, a member of its board of directors, has been named interim CEO as a search for a replacement to Brewer is conducted. The New York Times […]
2 min read
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  1. Shopper & Customer

Is It Too Late for JCPenney to ‘Make it Count’? Inside the Retailer’s $1B Turnaround Plan

JCPenney is self-funding its latest turnaround plan, which includes a reinvestment in its core customer and a more focused value proposition.   CEO Marc Rosen shared in a briefing that given the retailer’s “strong balance sheet,” it is taking cash flow generated by the business and reinvesting it in core initiatives that will help “make every […]
5 min read
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  1. Shopper & Customer

Restaurants Wonder What to Do with the ‘Sober Curious Mindful-Drinking’ Customers

  Have you noticed that younger generations are practicing “mindful drinking,” a philosophy that promotes meditation and awareness of the impact that alcohol has on overall mental health. If not you’re, not the only one Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® had not either.  However, after reading new research; he suggested […]
5 min read
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  1. Shopper & Customer

A Mixed Picture for Retailers as Bargain-Hunting Shoppers Pick Their Spots

U.S. retailers are experiencing a mixed picture in terms of consumer spending trends, with discounted apparel, small home projects, and beauty products seeing strong demand, while other discretionary purchases remain subdued due to elevated prices. Discount apparel chains like TJX Cos and Ross Stores, along with cosmetics retailer Ulta Beauty, have raised their annual expectations,…
< 1 min read
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  1. Department: HBC

e.l.f. Beauty to Acquire Skin Care Brand Naturium for $355M

e.l.f. Beauty has signed a definitive agreement to acquire Naturium, a fast-growing, high performance skin care brand for $355 million in a combination of cash and stock, the company announced Tuesday. The deal is expected to double e.l.f. Beauty’s presence in skin care to approximately 18 percent of retail sales. The transaction, which is subject […]
2 min read
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  1. Department: HBC

E.l.f. Expands Skin Care Lineup with $355M Acquisition of Naturium

E.l.f. Beauty has acquired the fast-growing skin care brand Naturium for $355 million in a combination of cash and stock. The acquisition is expected to close around Sept. 30, 2023 and will double E.l.f.’s presence in the skin care category to approximately 18% of the company’s retail sales. “Naturium aligns with E.l.f. Beauty’s vision to […]
2 min read
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  1. Department: Consumer Durables
  2. Department: Consumer Durables
  3. Corporate Strategy

Lego Abandons One of Its Projects To Make Oil-Free Bricks -FT

Danish toymaker Lego has reportedly abandoned a prominent initiative to eliminate oil-based plastics from its bricks. This decision comes after the company discovered that the new material, recycled polyethylene terephthalate (RPET), would result in higher carbon emissions. Lego’s CEO, Niels Christiansen, mentioned that extensive testing revealed it was challenging to find a material that met…
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  1. Channel: Drug
  2. Shopper & Customer
  3. Trends & External Forces
  4. Stores & Formats

CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason

As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore chain in America, is implementing a policy change that will lead to the closure of hundreds of stores over the next three years, aiming to optimize store locations based on population shifts and consumer buying…
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  1. Channel: Ecommerce & Digital
  2. Corporate Strategy
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces

Amazon Invests $4 Billion in AI Company Anthropic

Amazon will invest up to $4 billion in Anthropic and gain a minority ownership position in the company, part of a deal that will have Amazon Web Services (AWS) become Anthropic’s primary cloud provider. Anthropic will make its future AI foundation models accessible to million of developers, as well as provide AWS customers with early […]
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  1. Channel: Marketplace
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Retailer Media

Shopify Audiences Adds Criteo, Its First Open Web Ads Partner

Shopify Audiences debuted last year with only Google and Meta. In January, Pinterest was added to the mix. Now TikTok, Snap and, notably, Criteo will be able to plug into The post Shopify Audiences Adds Criteo, Its First Open Web Ads Partner appeared first on AdExchanger.
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